I continue to reduce my speculative positions. Except for about 15% of BTC, the rest were reduced after experiencing various PlusToken events yesterday.

There are several situations:

1. US stocks continued to fall sharply last night.

2. In the B circle, after Jump sold off, Wintermute also seemed to be in a difficult situation and was conducting operations such as financing. If the big market makers in the B circle face problems, the situation is quite bad.

3. The transfer of PlusToken is just a superficial phenomenon. Considering all aspects, PlusToken and other assets have been being disposed of. So it is not a joke that some people on Twitter said that it fell as soon as China time arrived. What shocked and surprised me was that its amount was much larger than PlusToken - I don’t know when to liquidate, how much to liquidate and how to liquidate.

4. Taking these factors into consideration, my operations will be reduced in the future - I’m sorry, a lot of information is also pieced together gradually. I ran away when I made a profit when I was bottom-fishing, and cut my losses when the situation was not right. I probably just contributed some handling fees, but no actual profit.

5. It is a phenomenon that it is difficult for B circles to make money. What will this phenomenon lead to?

Bitcoin, V coins, Meme coins, the strongest players on the chain can occasionally make money - but it will eventually become more and more difficult.

Imagine if it is increasingly difficult to make money in life, what will happen to people? No more consumption, the economy will deteriorate, and various collapses will come.

Therefore, it is unknown whether the US economy is in recession, but the B circle has already entered a recession - I may be the first person to propose this concept.

Keep the principal and respect the cycle.

As for whether it will rise or fall, don't just look at today and tomorrow, but plan how long to hold it according to your position. The principle is to protect your principal.